EURUSD only

Not eFfecting Price day
Knock everyone out by swinging price 30 pips above and below it's existing path with news hysteria day.

I agree, it hardly seems worth it sometimes,

but the very small moves can still give you $50 more or less.

for me just over $122.00 so far today

Ok, good for you! ...but you must be aware it's all about luck today!
Lucky $122 for you, great!

1. nobody can be sure it's gonna be profitable to play the range until NFP
2. when the time come, it's all up to those American economy numbers ...and the hysteria around them

...meaning, it's the gamblers day
Good luck, peeps!

EUR/USD is trading lower around the defensive area 1.2220-1.2240. The pair remains under pressure ahead of NFP and will keep its wait and see mode until the release of the data.

According to forecasts, in March the American economy created 185 thousand new jobs. The indicator is weak, but the decline is justified given the sharp increase in February to 313 thousand. In general, the lower the expectations, the higher the chance to get a "pleasant surprise" and the reason for the growth of the dollar. The American economy is close to the state of "full employment," which means that further decline in unemployment, especially amid rising wages, increases the likelihood of monetary tightening of the Fed's monetary policy with all the consequences. It's in theory. In fact, we have to admit that the "NFP effect" is greatly exaggerated and conditioned by the force of habit. It so happened that every first Friday of the month, all traders, investors and just interested in the economy, people are waiting for new numbers, and before that they are animatedly discussing their forecasts and rates. In fact, the indicator is too volatile, subject to the influence of seasonal factors and is often corrected subsequently, so its practical importance is small.

Fed Chairman Jerome Powell will deliver a speech on economic forecasts. His comments are capable of producing an impression not inferior to the report of the NFP, of course, provided that he says something sensational, or at least specific. Now the market is laying in the price of almost zero probability that the Fed will raise the rate at the next meeting on May 2, believing that the Central Bank will wait until June (probability 83%). Such a strong belief is difficult to break, however, the dollar may grow if Powell is optimistic enough and especially if he mentions the possible inflationary effect of the trade war that erupted between the US and China.

Bears still in charge

NFP day... used to induce swings of 100’s pips back in the day...nowadays :

Take a look at the H4 charts over the past year and see if you can point out NFP days. NFP has rarely been the catalyst of huge market surges for years and years.

NFP is a news propaganda machine touted by brokers to inject ‘excitement’ with newer traders much like a major sporting event.

Of course once in a blue moon NFP will cause a major disruption because the figures will surprise the markets but that could be said for ANY major news event.

Lets see how the stop run machine plays out in a few hours eh...we’ve danced this dance many times have we not

Very important D1 spot!
The D1 bull trend is not safe anymore... bears already put serious pressure on it
We might see a deep plunge after the NFP!

Because there is movement ,,,,volatility,, all the sheet you need to trade lol

Sure, buddy! Movement is all you need!
The coin moves are fascinating too!
Just toss it in the air and put your stake in the game ...no logic required!

Weekly Chart
Because the last 13 weeks at 1.1700 is just not enough, we're going back in!

Current coordinates within the matrix.

Minute wave 7 We have to bounce up
and then back down in higher degree hourly 6

That's my story, I'm sticking to it.

Sell 2240 to 2250 should do the trick. NFP can push it another 30 pips max 2280 to 2250 for the sell.

Guess who re vamped the coordinate system Where's Don? Easier to understand and now there's no S waves SS waves SSS waves.

Yearly Y wave X
Monthly M wave X
Daily D wave X
Hourly H wave X
Minute Mi wave X

I Think there maybe a very good chance the bulls could be setting up a trap for the unwary,

and the EUR/USD is the bait,

Take the time and take a look at the index US30 15/30/60 min charts and see what i see,

Is that a bearish flag i see ????????

Time will reveal all my friends.

This is a weekly chart?

Observant, that's good. Yes I've changed it already.

Need to get the feel of it all again Suthmo,

Holiday mode needs to be turned off.

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If price can touch 1.2237 level it can trigger a bullish retest attempt back to 1.2253, otherwise we keep our sells.

Edit: and it has been touched.. now: New pending order BUY LIMIT: 1.2227, SL: 20 pips, TP: 1.2253

Stay Green

Two months off and I'm slippin haha. I'm still in publisher mode, I got another book to do. Don't have time for live trading I tell yah. I loved writing in school, now I just want to publish books. I'm getting out of trading

Looks like a few closing out getting ready for the crap shoot ,,, the H&S pattern in the eur from last weeks low using the ole box 50% level ( or the failure of weekly open) has reached its tgt along with the weekly box ext being met ,, and a good weekly cam level ,,,, now its just back too which levels hold or fold during the sheet show ,,,,,,as Clarity mentioned ,, nothing like it used to be ,, would be nice to get some decent movement ,, time will tell . Probably just revolve around W S1 till the annc around 40 pips or so either side of that on the annc

Trade as A Hobby Suthmo keep your hand on the pulse,

I believe your last post/call on the EUR/USD is spot on,

I am looking to add shorts around yesterday's pivot point between the high and low area,

and that is exactly where you have picked it being the 1.224/225 area,

It would be a great shame to lose such a talented trader IMHO

"HANG IN THERE MY FRIEND"

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